Healthworx Ventures
Overview
Healthworx Ventures is the innovation and investment arm of CareFirst BlueCross BlueShield, focusing on integrating behavioral and physical health to improve health outcomes. The firm invests in early-stage companies that address critical challenges in the healthcare sector, aiming to enhance the quality, accessibility, affordability, and equity of healthcare services. By leveraging CareFirst's extensive network and resources, Healthworx Ventures provides strategic support to its portfolio companies, facilitating their growth and impact in the market. The firm's investment strategy encompasses a wide range of healthcare sectors, including digital health, behavioral health, health IT, MedTech, and health services. Healthworx Ventures typically invests in seed to growth-stage companies, with investment sizes ranging from $1 million to $50 million. This approach allows the firm to support startups at various stages of development, from initial market entry to scaling operations. Healthworx Ventures has a track record of strategic investments aimed at addressing pressing healthcare issues. For instance, in June 2023, the firm participated in a $14 million Series A-Prime funding round for evolvedMD, a company that integrates behavioral health specialists into primary care practices to enhance patient outcomes and reduce provider burnout. This investment underscores Healthworx Ventures' commitment to supporting innovative solutions that bridge the gap between behavioral and physical health, contributing to improved healthcare delivery and patient well-being.
Investment Focus
- Innovative solutions addressing critical healthcare challenges
- Alignment with Healthworx Ventures' mission to improve healthcare quality, accessibility, affordability, and equity
- Potential for scalability and significant impact in the healthcare sector
Portfolio Companies
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Frequently asked questions about Healthworx Ventures
What sectors does Healthworx Ventures invest in?
Healthworx Ventures invests in Healthcare, Digital Health, Medtech, Health Services, Health Insurance and Health IT, and is based in Maryland, United States. Healthworx Ventures is listed as a corporate vc in the ConnectSafely investor database.
What stage does Healthworx Ventures invest at?
Healthworx Ventures backs companies at Seed, Series A, Series B and Growth, writing cheques of 1M - 50M.
Which regions does Healthworx Ventures invest in?
Healthworx Ventures invests across United States.
What companies has Healthworx Ventures invested in?
Healthworx Ventures's portfolio includes ShiftMed, EvolvedMD and SafeRide Health.
Last updated · Source: ConnectSafely investor database

